Harris & Co opens up in Switzerland February 15, 2010 LAW firm D. Harris & Co has opened an office in Zurich to cater for the growing number of hedge funds setting up in Switzerland. In a sign of the growing popularity of the alpine region, the Baker Street-based company expects up to 30 per cent of its staff to relocate to its Swiss branch. [...]
FOOD & BOOZE NEWS February 15, 2010 RAMSAY REOPENS PETRUS Petrus, the Knightsbridge restaurant that under Marcus Wareing became the most prestigious venue in Gordon Ramsay’s empire after his own Hospital Road flagship, will re-open on 29 March. After Wareing and Ramsay’s public falling out last year, Wareing remained at the Berkeley hotel with his own eponymous restaurant, while Ramsay has moved [...]
Iceland gives new Icesave proposal to UK February 15, 2010 ICELAND yesterday presented Britain and the Netherlands with a new proposal for repaying more than £3.2bn lost in Icelandic bank accounts in a last-ditch attempt to resolve the lingering dispute. Iceland is trying to lure the British and Dutch governments back to the negotiating table on the “Icesave” problem, hoping to avoid a planned 6 [...]
FLYING HIGH February 15, 2010 VT GROUP yesterday won the contract to provide support to the Royal Air Force’s fleet of Tucano training aircraft. The in-service support contract is worth up to £35m for an initial period of four years, with two further one-year options. Work will begin this April. VT will guarantee the functioning of the Tucano fleet of [...]
SPORT | IN BRIEF February 15, 2010 Event boss cools Murray row TENNIS: Director of the Marseille Open, Jean-Francois Caujolle, has denied calling for Andy Murray to be suspended from the ATP Tour for pulling out of his event. Murray was due to be top seed in Marseille but withdrew this week through fatigue following his Australian Open exploits. Caujolle was quoted [...]
Pensions are two thirds bigger for men than women February 15, 2010 MEN’S pensions will be nearly two-thirds bigger than women’s among those planning to retire this year, research from Prudential has shown. Men who start drawing a pension during 2010 can expect an annual average income of £12,169 – while women will receive only £7,424. Pensions dropped for both men and women over the past year, [...]
Chi-X boss covets top slot among bourses February 15, 2010 Pan-European share trading platform Chi-X Europe, Europe’s third-biggest trading platform after just three years in business, has broken into profit and aims to become Europe’s number one exchange, its new chief executive said. Chi-X has become profitable on a daily basis this year, making it the first European multilateral trading facility (MTF) to do so, [...]
Market technology firm Fidessa beats profit expectations February 15, 2010 Fidessa said competition between exchanges and new trading venues boosted demand for its systems software, enabling it to beat profit expectations and return cash to shareholders. The British IT firm, whose systems are used by brokers and banks, has benefited from a proliferation of trading venues and the increasing competition between European exchanges and multilateral [...]
Tui optimistic for summer as bookings rise February 15, 2010 TUI, owner of Europe’s largest travel company TUI Travel, was yesterday optimistic for 2009/10 as recent bookings showed holiday-makers do not want to miss out on summer breaks. “Bookings in the key source markets have improved notably in the past few weeks,” TUI said after impressing investors with a better-than-expected net loss for its fiscal [...]
Mobile firms unite to offer apps platform February 15, 2010 A GROUP of 24 telecom companies are clubbing together to build a mobile phone application platform in a bid to compete with Apple. The alliance – which includes O2, Orange and Vodafone – is hoping that its combined customer base of 3bn will allow it to steal market share from Apple’s App Store. Mobile applications [...]
